As of 12/31/12, PMI has a new Guide to the Project Management Body of Knowledge (PMBOK) document, version 5.

I suspect this means very little to those of us already certified. I’d like to say I read the exposure draft and will soon read the final, but alas. So here are the changes that PMI mentions…

• A 10th Knowledge Area has been added; Project Stakeholder Management expands upon the importance of appropriately engaging project stakeholders in key decisions and activities.

• Project data information and information flow have been redefined to bring greater consistency and be more aligned with the Data, Information, Knowledge and Wisdom (DIKW) model used in the field of Knowledge Management.

• Four new planning processes have been added: Plan Scope Management, Plan Schedule Management, Plan Cost Management and Plan Stakeholder Management: These were created to reinforce the concept that each of the subsidiary plans are integrated through the overall project management plan.

Also, the Standard for Portfolio Management was updated last month to v3.